we just closed on a BRRRR we are doing over in Williamstown. Being a local of sicklerville I can agree 100% with that analysis though! We are going to start a thread to show the progress on this BRRR soon! Will def message you!
Originally posted by
@Mike Bonadies:
@Account Closed @Nana G. @Ari Bildner - I grew up in Sicklerville and I am a landlord in neighboring Washington Twp. The Sicklerville NJ has some strong potential for BRRR and I've both bought rentals and wholesaled BRRRs in the area. Feel free to PM me and we can connect. I'd love to talk about the area - I'm always open for a call.
As for the Sicklerville itself, anyone who is a native will tell you its a bit of a misnomer. Sicklerville splits two townships and townships are what matter for rentals. Sicklerville is 50% in Gloucester TWP and 50% in Winslow TWP. Here is the quick pros and cons on both.
Gloucester:
Pros - Good tenant pool, strong schools, most houses have public utilities, consider the more desirable area of Sicklerville by the local population
Cons - higher taxes, pulling permits takes the full ~21 days, higher home prices, overall thinner margins
Winslow:
Pros - Lower cost houses, rental friendly township, strong demand for rentals, slowly up & coming in certain neighborhoods, lower taxes, overall fatter margins
Cons - Lots of C and D neighborhoods and lackluster tenant pools, poor schools, the more east you get the more well/oil/septic you find, considered less desirable area of Sicklerville by the local population
By the numbers both GC and WT have similar rent rolls only off by $100 to $200 depending on the house type, therefore Winslow you will net more but have a slightly riskier house
Again this is just a general view, you'll want to look at each sub-division as there are massive swings within each twp (Ex: Brittany Woods compared to Cobblestone in GC)